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AUD/USD

  • #22,941
  • Sep 13, 2010 5:35am Sep 13, 2010 5:35am
Quoting longshot_nl
My view.
gray AB=CD will be completed at top red line.
The blue lines are my TP targets.
I got a short order @ 9345 and am already short with a small amount.
Its fighting resistance right now.
I agree. My order is @ D R3 9350.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #22,942
  • Sep 13, 2010 10:04am Sep 13, 2010 10:04am
3rd gaps up off of the lows: 1.)breakaway 2.)acceleration 3.) exhaustion. Exhausting right into long term horizontal resistance. Taking a short position.
"If it was good enough for Gann, it's good enough for me..."
  • #22,943
  • Sep 13, 2010 10:08am Sep 13, 2010 10:08am
Quoting geniusztc
it is in a long trend .why are you short it ??? i am confused.
check the historical (u may see a bit clear in daily,weekly n monthly TF)
  • #22,944
  • Sep 13, 2010 10:10am Sep 13, 2010 10:10am
Quoting FFBrian13
3rd gaps up off of the lows: 1.)breakaway 2.)acceleration 3.) exhaustion. Exhausting right into long term horizontal resistance. Taking a short position.
if break 92 area, 600-700pips no ground she will go...mmm
  • #22,945
  • Sep 13, 2010 10:14am Sep 13, 2010 10:14am
It hit that channel UTL and bounced hard!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 162 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #22,946
  • Sep 13, 2010 10:19am Sep 13, 2010 10:19am
Quoting grashid
check the historical (u may see a bit clear in daily,weekly n monthly TF)
hello, grashid.thank you for your reply. here is my chart.and in daily,weekly,monthly charts,they are a long trend.and the price has just broken through the resistance 0.9260.i think the next resistance is 0.9600. is there anything wrong with my analysis??? need your idea. thank you .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.gif Size: 24 KB
Click to Enlarge Name: auw.gif Size: 22 KB
Click to Enlarge Name: aum.gif Size: 22 KB
A chart helps those who can read it.
  • #22,947
  • Sep 13, 2010 10:27am Sep 13, 2010 10:27am
Quoting geniusztc
hello, grashid.thank you for your reply. here is my chart.and in daily,weekly,monthly charts,they are a long trend.and the price has just broken through the resistance 0.9260.i think the next resistance is 0.9600. is there anything wrong with my analysis??? need your idea. thank you .
overall trend yes u r right as we r above daily, weekly n monthly pivot...but i am looking a reversal point from this area.

93490 = Daily R3

93850 = very strong resistance n today it must close above this R3 in order to attempt to break that 93850.

Otherwise it will make some pull back to at least 93050-92850-92660/70 till tomorrow asian open.

I just need to wait H1 to close n form double top to hold my short position of 93487....

Currently M15=H1 where it should be good to hold my short position

let c what happen as i could be wrong as usual...cheers
  • #22,948
  • Sep 13, 2010 10:58am Sep 13, 2010 10:58am
Quoting grashid
overall trend yes u r right as we r above daily, weekly n monthly pivot...but i am looking a reversal point from this area.

93490 = Daily R3

93850 = very strong resistance n today it must close above this R3 in order to attempt to break that 93850.

Otherwise it will make some pull back to at least 93050-92850-92660/70 till tomorrow asian open.

I just need to wait H1 to close n form double top to hold my short position of 93487....

Currently M15=H1 where it should be good to hold my short position

let c what happen as i could be wrong...

your analysis is great more detailed than me .i can only day good luck to you and me thank you

and we should know the most important things : we must insist on our plan.
A chart helps those who can read it.
  • #22,949
  • Sep 13, 2010 11:03am Sep 13, 2010 11:03am
Quoting geniusztc
your analysis is great more detailed than me .i can only day good luck to you and me thank you
  • #22,950
  • Sep 13, 2010 11:29am Sep 13, 2010 11:29am
Quoting FFBrian13
I'm in the camp. I have 0.9360 as a target.

Target hit for shorts this AM. Been waiting months for this level. Down to 75.00 in 3 subwaves to complete Wave G is the plan. Often times in these expanding triangles, Wave 5 is truncated and diagonal, making the end of Wave F (93.60) the top.
"If it was good enough for Gann, it's good enough for me..."
  • #22,951
  • Sep 13, 2010 11:48am Sep 13, 2010 11:48am
Quoting FFBrian13
Target hit for shorts this AM. Been waiting months for this level. Down to 75.00 in 3 subwaves to complete Wave G is the plan. Often times in these expanding triangles, Wave 5 is truncated and diagonal, making the end of Wave F (93.60) the top.

Congrats for your patience. Impressive!

But, do you really expect 75.00 from here??? I can see a certain possibility for a triangle down to around 85.00, but 75.00..., no way. However I will be glad to be proven wrong.

Could you post a chart about your triangle idea? (Mine is here: http://www.forexfactory.com/showpost...ostcount=22923).

Thanks and congratulations.
Use me as a contrarian indicator
  • #22,952
  • Sep 13, 2010 12:04pm Sep 13, 2010 12:04pm
Quoting mrbandwidth
Congrats for your patience. Impressive!

But, do you really expect 75.00 from here??? I can see a certain possibility for a triangle down to around 85.00, but 75.00..., no way. However I will be glad to be proven wrong.

Could you post a chart about your triangle idea? (Mine is here: http://www.forexfactory.com/showpost...ostcount=22923).

Thanks and congratulations.

Thank you kind sir . 93.60 could be a pit stop, so still watchin tightly to unfold. I'll have two different counts posted in a little bit. I'm working on an alternate right now. Yours is a very nice chart by the way.
"If it was good enough for Gann, it's good enough for me..."
  • #22,953
  • Sep 13, 2010 12:39pm Sep 13, 2010 12:39pm
Haven't had much luck posting, but here goes. This is my preferred count, with an Expanded Flat bottom, X Wave, then an Expanding Triangle. This Expanding Triangle would complete a W-X-Y (aka a Double Three) correction. I think this works because Wave C of the Flat is impulsive, and within the triangle, we have two impulsive waves (B & E), which is allowed in EW analysis. All other waves are corrective. 75.00 marks the bottom line of the expanding triangle, and heavy resistance lurks above from a prior closed gap. I'll have an alternate count up shortly, but they both suggest the same thing: weaker Aussie to come. The risk is Wave E of the triangle is the breakout wave, which would definitely validate your count.
Attached Image
"If it was good enough for Gann, it's good enough for me..."
  • #22,954
  • Sep 13, 2010 3:01pm Sep 13, 2010 3:01pm
I think now isnt the time to short its time to move to no position. Im still holding my buys untill the price action around the zones here says liquidate.
  • #22,955
  • Sep 13, 2010 3:34pm Sep 13, 2010 3:34pm
Quoting domino
I think now isnt the time to short its time to move to no position. Im still holding my buys untill the price action around the zones here says liquidate.
I agree. We really need to see a good bearish candle on the H4 or Daily to confirm the end of this wave. We will miss out on the exact top but we will be certain of our position! It is also possible that this area just becomes a trap for price this week. Back and forth consolidation before some economic news event triggers a direction.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #22,956
  • Sep 13, 2010 3:41pm Sep 13, 2010 3:41pm
Quoting FFBrian13
Target hit for shorts this AM. Been waiting months for this level. Down to 75.00 in 3 subwaves to complete Wave G is the plan. Often times in these expanding triangles, Wave 5 is truncated and diagonal, making the end of Wave F (93.60) the top.
I was with u
Congradulations.
A little beginner trader since 2006
  • #22,957
  • Sep 13, 2010 4:02pm Sep 13, 2010 4:02pm
Quoting Naseri13
I was with u
Congradulations.

.60 is under attack again. Let's see....
"If it was good enough for Gann, it's good enough for me..."
  • #22,958
  • Sep 13, 2010 4:51pm Sep 13, 2010 4:51pm
chance to have audusd shorts long term 0.80/075/060 targets.....iwill buy gbpjpy when it is drop...happy trade
A little beginner trader since 2006
  • #22,959
  • Sep 13, 2010 6:38pm Sep 13, 2010 6:38pm
Dear all,
I am a newbie in this forum, my friend in Australia told me about this FX forum.

Now I have a question here.
I see different titles with EUR/USD AUD/USD etc in this forum.
so which thread do you suggest I read for reference.
For now, I read this "AUD/USD" thread cos this thread has lots of replies and the posts here are very clear( with pictures in it).

Thanks for your answers in advance. GL and Happy trading.
  • #22,960
  • Sep 13, 2010 7:06pm Sep 13, 2010 7:06pm
Long eur/aud, short aud/usd & nzd/usd.

A swing high looks to have been made. This one could be good. Patience is the key, as always.
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